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Rubicon Technology (NASDAQ:RBCN) has received an average rating of “Hold” from the twelve ratings firms that are covering the stock, American Banking News reports. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $11.45.

Rubicon Technology (NASDAQ:RBCN) opened at 8.42 on Wednesday. Rubicon Technology has a 52 week low of $6.93 and a 52 week high of $14.67. The stock has a 50-day moving average of $8.54 and a 200-day moving average of $10.20. The company’s market cap is $220.2 million.

Rubicon Technology (NASDAQ:RBCN) last announced its earnings results on Thursday, May 1st. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by $0.10. The company had revenue of $14.30 million for the quarter, compared to the consensus estimate of $12.95 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The company’s revenue for the quarter was up 72.3% on a year-over-year basis. On average, analysts predict that Rubicon Technology will post $-1.29 earnings per share for the current fiscal year.

RBCN has been the subject of a number of recent research reports. Analysts at Goldman Sachs initiated coverage on shares of Rubicon Technology in a research note on Wednesday. They set a “sell” rating and a $6.00 price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Rubicon Technology in a research note on Friday, June 6th. They now have a $10.00 price target on the stock, down previously from $14.00. Finally, analysts at Oppenheimer upgraded shares of Rubicon Technology from an “underperform” rating to a “market perform” rating in a research note on Friday, May 23rd. They now have a $7.50 price target on the stock. They noted that the move was a valuation call.

Rubicon Technology, Inc manufactures synthetic electronic materials for opto-electronic, semiconductor fabrication, telecommunications, and optical & laser applications.

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